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Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 10:40am On Jun 01, 2019 |
Northeastern:I think you mean Mendes. I have not been out of the market since 2014 and do not remember asking anyone to leave the market. I was into oando in recent past, but left to join access(which is beginning to scare me) after I saw access q1 result and Wale's announcement of rights issue before august. |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 10:43am On Jun 01, 2019 |
Awosika is Chairman First Bank of Nigeria Limited. Otudeko is Chairman First Bank Holdings Plc Mpeace: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by OakPearl(m): 10:49am On Jun 01, 2019 |
Northeastern: Gbamsolutely! I thought I was alone on this. The chicken will soon come home to roost for anyone buying MTNN longterm at current price. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 10:54am On Jun 01, 2019 |
Mpeace: Awosika - Chairman board of directors first bank Otodeko - Chairman First bank Group holdings FBHN is the NNPC of the banking industry... If you know you know! 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by OakPearl(m): 11:00am On Jun 01, 2019 |
RabbiDoracle: Exactly my thoughts too. The banks have managed to live with these debts as long as they have existed and remained in business ever since. Its not like they are new debts incurred based on the outbreak of this news. |
Re: Nigerian Stock Exchange Market Pick Alerts by Cadillac15(m): 12:24pm On Jun 01, 2019 |
In all of this, people are going to make money and become billionaires from this OANDO transaction. I mentioned it when I got the news Gwarzo was returning, repeated it again when the court reinstated him, and hinted about this zanku dance Wale and Boyo is about to dance. Oando is a peculiar company and the number of powerful interests in it are too many. There's the: 1. Tinubu interest 2: Atiku/Gabriel Voipi interest 3: Mangal interest (The Northern Cabal) 4: Banks/Financial institutions 5: MSCI and other global funds investors interest 6: The various Shareholders Unions interest, 7: Finally, the FGN interest amongst others. These interests are well represented on the board and receive contracts and compensation except for the foreign entities. If a commoner like me can know in advance that Gwarzo is returning and that his mission is to revenge on OANDO, then i dont think the various interests are not fully aware. It is very possible that they planned everything in advance and only waited till after the elections to strike, knowing well that Bola Tinubu will not be able to influence Buhari in this next level. Right now, I see a Mangal /Voipi collabo and am thinking that the company is still loaded, given the fights and struggle from Wale. While i am not a shareholder yet, i think getting OANDO at the current price will be a good decision for jijoist. QED 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 1:01pm On Jun 01, 2019 |
phemmie06:Lol. By their level of Oando past woundjurement you shall know them. |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 1:03pm On Jun 01, 2019 |
Cadillac15: All this cabals and interests inside one company... The risk is way above! N0.50k - N0.80k is my bustop for JIJO...at that price I can sleep. I can't afford the luxury of buying Oando above N1.00 |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 1:05pm On Jun 01, 2019 |
phemmie06:You self. There are other categories - Certholders, people like Agba wey use certificate decorate wardrobe. |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 1:11pm On Jun 01, 2019 |
Mcy56: Una go kee person Certholders Shellholders That year I was among those with past woundjourment...I can't leave that guy until I see him in jail. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 1:17pm On Jun 01, 2019 |
RabbiDoracle: Wind never blow deepsuk come here, she still busy with clients. But Deeps I envy you o, you're so popular even with the board of directors here. You need to give big boss a special treat. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 1:26pm On Jun 01, 2019 |
stcool:Chai! People don suffer for Oando hand o. I had my own share of the woundjurement in 2014 too, i wasn't following events in the market, I saw it at 22naira or thereabouts, I was like, is this not the Oando that was selling very high at over 100naira before, without checking or asking I just told the broker to buy it, after-all I just wanted to buy it for keep. Las las I sold it at 9naira or something. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 1:28pm On Jun 01, 2019 |
[quote author=stcool post=78921098] All this cabals and interests inside one company... The risk is way above! N0.50k - N0.80k is my bustop for JIJO...at that price I can sleep. I can't afford the luxury of buying Oando above N1.00 Bra, I agree with your proposition. Many are yet to come to the reality of Wale Tinubu wickedness and greed. This is a man that scammed the South Africans. He made RMB and Redefine properties to finance the new HQ of oando by way of Equities in the company. The extent of such shares dilution cannot be quantified yet. I see a strong war against this intelligent scammer. Wars from home and abroad. People should also remember that Wale Tinubu listed Oando on Johannesburg Stocks Exchange. The rot in Oando is one of the worst scam in the history of NSE. The properties and assets on ground might not be enough to pay off the Accumulated Liabilities incurred by Wale Tinubu et al. The best thing is for portfolio investors to take Oando to court and placed the company under an administration and receivership. The administrator should apply to SEC for delistment or suspension If well managed, investors might see value in 7 to 10 years time. The problem on ground outweighs the benefits of further investing in Oando. Many people were not aware that the last dividends paid by Oando was from Negative balance. All his hope of future performance was based on ConocoPhillips assets acquisition. This investment was the major undoing of Wale Tinubu et al. The aggressive expansion in unfamiliar territory also contributed to oando downfall. The reckless lifestyle of Wale Tinubu cannot be understated. Bankrolling political parties was also mentioned by other sources. Let's see what Nigeria court will adjudicate on the case. I will not be surprised if Wale opt to buy the judgement. However, he might loose in other international industrial courts. |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 1:36pm On Jun 01, 2019 |
[quote author=Godlylifeoneart post=78921718][/quote] Wale & Boyo the law they studied is for Corporate Yahoo! Everytime you open Oando FY balance sheet I just laugh All this names and shell companies from an ordinary coy that was minding it's business in selling just petroleum products! 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by DaV8King(m): 1:37pm On Jun 01, 2019 |
stcool: Had the liver to sell 2 Ajose Adeogun building to one of his shell companies as well. KMT |
Re: Nigerian Stock Exchange Market Pick Alerts by DaV8King(m): 1:40pm On Jun 01, 2019 |
stcool: Said the same before upthread.........Cowboys wee not allow us and Nigeria be great https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/4540#78063245 |
Re: Nigerian Stock Exchange Market Pick Alerts by DaV8King(m): 1:43pm On Jun 01, 2019 |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 1:44pm On Jun 01, 2019 |
DaV8King: What Wale is fighting is bigger now and it will consume him! He knows it. Wait until new management is in place and books are made public... Wale will end in Jail! And will never sit in any companys board in this country. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by DaV8King(m): 1:46pm On Jun 01, 2019 |
stcool: Aswear Wale needs Ikoyi Prison regular wing, no VIP allowed |
Re: Nigerian Stock Exchange Market Pick Alerts by DaV8King(m): 1:47pm On Jun 01, 2019 |
[quote author=Godlylifeoneart post=78921718][/quote] You forget the Canadian listing. These guys deserve to have a movie made about them. |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 1:50pm On Jun 01, 2019 |
DaV8King: OER that they sold the shares and resold and made their boy the CEO of Chop life gang! Canadian branch... As it stands we don't know what Oando Nigeria truly owns! |
Re: Nigerian Stock Exchange Market Pick Alerts by DaV8King(m): 1:54pm On Jun 01, 2019 |
stcool: If African punishment does not first catch him the way it caught Rufus Giwa back then! Naija has produced some legendary corporate thieves sha. Rufus Giwa Bunmi Oni Cecilia Ibru Erastus Akingbola Paul Jegede Collins Igbinovia Peter Ololo Albert Okumagba Wale Tinubu(shaming my university ) Omamofe Boyo Among others whose scams have not yet blown open. It will be well |
Re: Nigerian Stock Exchange Market Pick Alerts by DaV8King(m): 1:57pm On Jun 01, 2019 |
stcool: NOTHING mana!! All productive subsidiaries sold. Loads of debt left behind, a few filling stations and long term leases, maybe some vehicles and an aircraft. If Wale didn't do sale and leaseback on all fixed assets and just put their values on balance sheet anyway. Sincerely, they need to educate our national regulators on how they did the kinda byzantine structuring they did. From the comfort of a 6x4 jail cell 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 2:02pm On Jun 01, 2019 |
Re: Nigerian Stock Exchange Market Pick Alerts by DaV8King(m): 2:02pm On Jun 01, 2019 |
stcool: Make WINGS no "accidentally" catch fire before July 1 o! NSEMPAs with interest with Lagos address go possess una possession o! |
Re: Nigerian Stock Exchange Market Pick Alerts by paulcr7: 2:02pm On Jun 01, 2019 |
Bosses, as I have been following the thread, I have been seeing this word, "jijo" repeatedly. Please what is the meaning of the term? |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 2:06pm On Jun 01, 2019 |
From one of their numerous press release Of the Chop Money GanG ...When they are buying and selling to themselves, within themselves, for themselves After collecting rights issue money from Ordinary Oando shellholders CALGARY, ALBERTA, April 29, 2016 – Oando Energy Resources Inc. (“OER” or the “Company”) (TSX: OER) announces that the outside date under OER’s previously announced proposed plan of arrangement (the “Arrangement”) with Oando PLC and Oando E&P Holdings Limited (the “Purchaser”) has been extended to May 31, 2016 in order for the parties to obtain the remaining outstanding lender consents. Other material conditions precedent to completion of the Arrangement have been satisfied, including the approval of OER’s shareholders and the final order of the Supreme Court of British Columbia. Full details regarding the terms of the Arrangement are set out in OER’s management information circular dated January 19, 2016. |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 2:11pm On Jun 01, 2019 |
Jejebabaa: Not a good experience sir ..I belong to the 33 region then more on 18 when it crashed averaging down ..All massively sold at loss Most Oando shareholders suffered Battle continues ,i think its going to be tough ...wale and gang no go wan accept defeat Will keep watching 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 2:15pm On Jun 01, 2019 |
Godlylifeoneart: I still maintain that WINGS Oando's office should be sealed off until after the EGM. Everything should be put on hold until a new management takes over. Wale should not be allowed anywhere near that office... All banking transactions on behalf of Oando suspended until further notice. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 2:16pm On Jun 01, 2019 |
DaV8King: Worth mentioning on the list Bisi Onasanya et al Tunde Ayeni et al Dozie et al Wale Tinubu and his chief partner in crime.. Mr. Boyo Waohhh Minority investors don suffer in My beoved Country. Obodo Naija The list is endless. Who knows if their family and friends will by chance read through dz platform. No wonder the US Nigeria listed ETF told investors, the best way to loose money is to invest it in Nigeria. Who has not lost money in his or her portfolio in the last 12 months? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 2:26pm On Jun 01, 2019 |
DaV8King: Let me laugh small... That year BGL was my broker. Okumagba that used money raised from mutual fund to buy private jet as a newest entry to Chop Money GanG . These men have no regard for posterity... You build a great company and use your own hands to bring it down. BGL was one of the biggest stockbrokers and owned close to 6% of UBA total shares outstanding. |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 2:28pm On Jun 01, 2019 |
stcool: Reminds me of American Greed on CNBC ..Like you said in developed countries he won't escape this |
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